Understanding the Role of an HOA Property Manager
Homeowner’s associations (HOAs) are an essential part of community living for most people in the United States. In fact, as of January 2024, 17% of people in Maryland live in an HOA. And the industry is growing significantly.
As HOAs become more popular throughout the country, the challenges of their day-to-day management will become more apparent. While HOA Boards can run their own communities, these groups are often comprised of volunteers. To ensure your Board does not burn out and can focus on making the big decisions that will affect your community, your HOA may consider hiring a professional HOA property manager.
HOA property managers handle a wide range of responsibilities. Here is a closer look at what an HOA property manager does and why their role is vital to the success of an HOA.
HOA Property Manager Responsibilities
An HOA property manager’s responsibilities are diverse and touch nearly every aspect of community management. They are often responsible for the following:
- Administrative duties: Day-to-day administrative duties can often bog down a Board. It is very common for HOAs to outsource tasks such as organizing board meetings, preparing agendas, taking minutes, and enforcing rules and regulations to the property manager.
- Financial management: Because HOA Boards are often made up of volunteers, they may not have financial professionals on the team. Property managers will have the experience that many Boards lack. Their help in budgeting, collecting dues and fees, and establishing reserve funds can ensure the HOA remains on solid financial footing.
- Resident Communication: The property manager serves as the primary point of contact for residents, addressing concerns, mediating conflicts, and ensuring open lines of communication. When residents feel as if the Board is communicating transparently, they are more likely to engage in the community, which increases the quality of life for everyone.
Why a Property Manager is Vital to the Success of an HOA
An HOA property manager has a lot of responsibilities. This fact alone makes them a vital member of the HOA management team. However, they also bring specific advantages to every community they work with.
Most importantly, property managers are professionals with certifications and years of experience helping manage HOA communities. This experience ensures they have all the knowledge necessary to streamline operations and reduce the Board’s workload. HOA property managers can improve the financial stability of the community, increase the HOA’s appeal to potential homeowners, and create a secure and positive environment.
Keep in mind that an HOA property manager will not supersede the Board. They are a valuable asset to the community that can help the HOA achieve its long-term goals. However, the Board is still in charge of the decision-making and conflict resolution for the community.
To learn more about HOA property managers and how they can help your suburban Maryland community, contact D.H. Bader Management. We have been providing exceptional property management services since 1991. Our focus on customer service and building long-lasting relationships with our clients sets us apart in a crowded industry.
Let us help your Maryland HOA reach its full potential! Request a proposal today.